Regulation 7 Approval of a money adviser

In regulation 9 (approval of a money adviser), for paragraph (3) substitute—

“(3)

An applicant is to be a fit and proper person if, but not only if—

(a)

the person has undergone training on the matters specified in Schedule 3; or

(b)

the person works for an organisation which is working towards accreditation at Type 2 level or above against the Scottish National Standards for Information and Advice Provision.”.